# PPP loan: INDUSTRIAL PARTS & ELECTRIC MOTORS INC
> **$244K** approved 04/28/2020 · Paid in Full · Loan `9542127208`
## Borrower
- **Name:** INDUSTRIAL PARTS & ELECTRIC MOTORS INC
- **Address:** 5693 E SHELBY DR, MEMPHIS, TN, 38141-5817
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Jobs reported:** 15
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*